Plus Local FIRST Robotics Team, Gra-V 5816, demonstrated their winning project to attendees

Atlanta, GA - The ECIA's Regional Event in Orlando provided local members with an in-depth look at how to mitigate the cyber security risks faced by those in the military/aerospace industry. Three thoughtful presentations offered attendees a comprehensive look at the issue from different perspectives.

Joe Budzyn, vice president and senior technology product manager for OneBeacon Technology Insurance, gave an overview of how to identify and assess the specific risks associated with cyber security. Citing examples such as denial of service attacks; hacking of Internet of Things devices, industrial controls or humans themselves; ransomware; or more traditional theft of data or intellectual property, Budzyn provided a detailed analysis of the real costs involved, as well as ways to mitigate the risks through insurance coverage.

Mark Bobbi, principal analyst on aviation for IHSMarkit Aerospace, Defense, and Security, analyzed the past and future industry-specific disruptions from geopolitical, technological, and global conflict events. For example, technology capabilities of global players like China, Russia and North Korea in nuclear weaponry, have increased dramatically based on events from decades ago. After laying out the landscape as he sees it, Bobbi explained how the supply chain has responded to the disruptions and where the industry needs to go from here.

Teresa Wardingley, director of Lockheed Martin's southeast material center (SEMAC), concluded the evening's presentations with the OEM perspective on the challenges of military/aerospace acquisition strategy. She described four characteristics of the market from a supplier standpoint: the complex decision process; the tangled competitive landscape made up of overlapping suppliers and partners; the complex and shifting regulatory framework, and the uncertainty of the customer funding process. She then explained how Lockheed is organized, with a continuing focus on supplier relationships to improve efficiencies. Counterfeiting and cyber security are very serious concerns for the industry; combatting them demands cooperation across the supply chain. "Our mission is to increase the velocity of knowledge to increase product and service quality," she concluded.

"We were very pleased with the in-depth coverage of these important issues by the speakers at the Orlando Regional Series Event," commented Debbie Conyers, ECIA vice president of member engagement."This event concluded the 2016 Regional Series and we are very encouraged by the response to our program. We look forward to working with local members in 2017 and will be announcing the event schedule in the near future."

About ECIA The Electronic Components Industry Association (ECIA) is made up of the leading electronic component manufacturers, their manufacturer representatives and authorized distributors. ECIA members share a common goal of promoting and improving the business environment for the authorized sale of electronic components to the end customer. Comprised of a broad array of leaders and professionals representing all phases of the electronics components supply chain, ECIA is where business optimization, product authentication and industry advocacy come together. ECIA members develop industry guidelines and technical standards, as well as generate critical business intelligence. For more information, visit www.ecianow.org or call 678-393-9990.

Electronic Components Industry Association 1111 Alderman Drive, Suite 400, Alpharetta, GA 30005 678-393-9990 www.ecianow.org